Consider the following statements: The Lead Bank Scheme was introduced by RBI in 1969 to improve banking services in rural and semi-urban areas. Each district is assigned to a commercial bank known as the Lead Bank. The new district, Tamulpur, in the state of Assam has been designated the Lead Bank. There is no change in the Lead Banks of the other districts in the state of Assam. Which of the above statements is/are correct?

The correct answer is 1, 2, 3, and 4 . In News The Government of Assam has notified the formation of a new district, Tamulpur, and assigned a lead bank for it. Key Points The Lead Bank Scheme was introduced by RBI in 1969 to improve banking services in rural and semi-urban areas. Each district in India is assigned to a commercial bank known as the lead bank. The lead bank coordinates the efforts of all credit institutions in the allotted district. The new district of Tamulpur in Assam has been assigned its lead bank. There is no change in the Lead Banks of the other districts in the state of Assam. Additional Information Lead Bank Scheme Introduced to improve the effectiveness of banking services and credit delivery in rural and semi-urban areas. Lead Bank A commercial bank assigned to a district to coordinate the efforts of all credit institutions. Tamulpur A newly formed district in Assam, assigned a lead bank for improved banking services.